Energy Prospectus

Finally got back home at 5PM on May 2. Weather related delays and a small fire inside Hoppy airport (no big deal) caused in Florida and at Hobby in Houston. Lightning at Hobby caused more than 2 hour delay in getting checked bags. On Friday (May 3rd) I have a "medical procedure" that needs...

Re: Unexpected crude oil inventory build report by EIA on Wednesday morning. "This crude build was not only surprising because a draw was expected, but also because of its large size. Prices declined by an additional 2% on the news. It looks like current inventories are following that of 2019 a...

Bad weather has caused our flight to arrive an hour late. If I don't get to Silverbow's forecast today, I will update it tomorrow.

We have 2 live webinars scheduled in May. The first one is set for May 13. You can register on the EPG website. I will be talking to the CEO of a gold mining company.

Volt has contacted me about hosting a webinar for us in June.

Inventory builds caused by higher net imports are not an increase in the global oil supply. They are just moving oil from ships into onshore tanks. Note that all of the Big 3 inventories remain below normal for this time of year.
The global oil market remains tight.

I will update my forecast tomorrow.

Diamondback's Q1 results are in line with my forecast, which they always are since the company gives accurate and detailed guidance. FANG is good for growth and income.

Good work. I'm heading home today. Should be back at my desk by 3pm.
Silverbow's results are in line with my forecast. This year's drilling program is focused on increasing oil production.

Susan and I are flying to Florida today to go on a cruise that she won last year on a Celebrity cruise ship. This "Free" cruise will cost us about $2,500, but it is a ship (APEX), which we've wanted to go on for years. I will have limited internet access on the ship, so I will check the ma...